US Commerce Secretary Howard Lutnick announced a new investment by Sibelco, an industrial minerals mining and processing company, in North Carolina to support semiconductor production. This investment is expected to be worth "hundreds of millions of dollars" and comes as the US faces challenges in boosting its semiconductor production.
Oct 20 : US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production.
"We're announcing Sibelco is going to build silicon manufacturing. It's quartz manufacturing. It is basically the foundation of semiconductors," he said during a Trump rally in North Carolina.
He did not share details but said the investment would be worth "hundreds of millions of dollars."
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